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demosincebirth

(12,833 posts)
6. Not eliminate prop 13, but to remove commercial property under it's protection. Many seniors, who
Wed Nov 7, 2012, 05:32 PM
Nov 2012

own their home, but are on fixed income will not be able to pay property taxes at the current rates. They would lose their homes. When homes under prop 13 are sold, they lose their exemption. Commercial properties under prop 13 are not, usually, sold, they are trandfered from family member to family member. This is what I was told.

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